Crypto Market Nearing a Bottom? Real Vision Analyst Weighs In
Jamie Coutts, Real Vision’s chief digital assets analyst, suggests that the crypto market may be forming a bottom after weeks of decline.
He points to a key 365-day metric showing the highest new low readings since mid-2024, indicating a potential bullish reversal. Coutts advises focusing on assets that outperformed during the pullback, hinting at strength in the next bull cycle. He also notes Bitcoin’s potential break from its historical inverse correlation with the US dollar, suggesting it may be evolving into a safe-haven asset.
Additionally, blockchain adoption is accelerating, with daily active addresses tripling despite liquidity cycles. Looking ahead, Coutts predicts 2025 will bring a surge in blockchain adoption, with on-chain derivatives exceeding $4 trillion and real-world assets integrating into the space.
Clever Robot News Desk 14th February 2025
